Great Lakes Dredge & Dock: Up From the Depths

The dredging company is benefiting from Sandy-related remediation and port-deepening projects tied to the expansion of the Panama Canal.

The dredging industry might lack for glamor, but demand for its services—like removing sediment from waterways—is on the rise in the U.S.

In the aftermath of Hurricane Sandy, the federal government is spending billions of dollars on coastal restoration. U.S. ports, too, have embarked on major dredging projects to accommodate the larger ships expected to pass through the Panama Canal when its expansion is completed next year.